Tag: PR Newswire

The new flood coverages, backed by an “A+” AM Best rated carrier, dramatically expand limited commercial insurance options in New Orleans, covering any type of economic loss

NEW YORK, April 24, 2025 /PRNewswire/ — Today Floodbase, the world-leading platform for insuring uncovered flood risk, and insurance intermediary Yokahu announced a partnership to offer automated parametric policies, initially bringing much-needed flood coverage options for businesses in New Orleans. In addition to offering rapid liquidity after a major flood event, the coverages represent a financial safety net for any type of economic loss, including categories not traditionally covered, such as business interruption, revenue loss, cleanups and repair, and temporary facilities.

The vast majority of New Orleans businesses are insured against flood loss through the federal National Flood Insurance Program (NFIP). The NFIP caps commercial payouts at $500,000 – an amount often insufficient for the magnitude of loss – and only covers direct property damage, excluding many other significant flood-based drivers of economic loss. Local businesses, including NOLA’s iconic hospitality sector, are severely exposed during events like Hurricane Ida (2021), which caused over $3 billion dollars‘ worth of business interruption.

The new flood coverages, backed by an “A+” AM Best rated carrier and powered by Floodbase, include multiple predefined options that clients can evaluate with their broker to accommodate different protection needs and budget considerations. Yokahu’s platform facilitates quotes automatically to brokers, making the end-to-end process quick, simple, and transparent through their recently launched cat-risk.com exchange.

The new flood policies work by paying out policyholders automatically once a specific predetermined threshold is met – in the case of New Orleans, once a percentage of the city’s area is covered by flood water – which is continuously monitored by Floodbase. New Orleans is a global tourist destination, but visitors, foot traffic, and hospitality revenue all plummet when the region floods. Valid NFIP claims require on-site damage, leaving second-story or higher-elevation businesses totally uncovered when flooding disrupts Southern Louisiana. Because the new policies’ payouts are determined by the total area of flooding covering the city, they can help any vulnerable business during regional events. Payouts can cover any type of economic loss and can flexibly be deployed as needed by the insured. This type of coverage, known as parametric insurance, offers quicker and more comprehensive protection than any currently available to New Orleans businesses.

“New Orleans businesses have gone far too long without adequate flood insurance options, leaving them vulnerable and financially exposed in the event of major floods,” said Bessie Schwarz, Co-Founder & CEO of Floodbase. “We are excited to partner with Yokahu, to empower brokers with instant quotes of new, holistic flood coverages that put businesses in a stronger position to weather the aftermath of a catastrophe.”

“With our new flood coverage options, Yokahu and Floodbase will meet a vital need for New Orleans businesses, including its beloved hospitality sector,” said Tim McCosh, CEO/Founder of Yokahu. “Yokahu is thrilled to bring our insurance capacity and automated, state-of-the-art platform to rapidly quote and payout claims for New Orleans commercial customers. We are delighted to be collaborating with Floodbase and consider this only the beginning of the areas we will cover across the U.S.”

For more information and to explore the new offerings, please reach out to Floodbase or Yokahu.

About Floodbase
Floodbase is a parametric platform for insuring uncovered flood risk. Built on more than a decade of groundbreaking science, we continuously monitor flooding worldwide. Partners rely on us to design and power flood covers for large corporate and public sector clients insuring previously uninsurable economic loss from flooding. Floodbase has become a preferred partner for leading re/insurers including Swiss Re Corporate Solutions, Liberty Mutual Re, and AXA Climate, and also supports FEMA, the UN, The New York Times, and others to identify and respond to major flood events. Follow Floodbase on LinkedIn for more news and insights.

About Yokahu
An approved Coverholder at Lloyd’s and Lloyds Lab Alumni, Yokahu is a parametric insuretech that solely underwrites extreme weather and natural catastrophe risk via parametric (re)insurance. 

Yokahu’s mission is to catalyze and increase risk transfer in protecting communities from natural disasters and extreme weather in a changing climate by providing access to more scalable and accessible solutions.

In the UK, Yokahu and Cat-Risk.com are trading names of McCosh Holdings Ltd. McCosh Holdings Ltd and is an Appointed Representative of ES Risks Limited. ES Risks Limited is authorized and regulated by the Financial Conduct Authority.

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SOURCE Floodbase

Jonathan Roiter to Succeed Mark Segal as Executive Vice President & CFO

TORONTO, April 24, 2025 /PRNewswire/ – Spin Master Corp. (“Spin Master” or the “Company”) (TSX: TOY) www.spinmaster.com), a leading global children’s entertainment company announced today that Jonathan Roiter will join Spin Master as Executive Vice President & Chief Financial Officer, May 2025. Roiter’s appointment follows the previously announced retirement of Mark Segal.

“As we continue to execute against our vision to create magical play experiences for kids and families around the world, we are excited to welcome Jonathan to Spin Master,” said Max Rangel, Spin Master’s Global President & CEO. “Jonathan brings a wealth of experience in finance operational leadership, M&A and capital markets, which coupled with his deep understanding of the consumer-packaged goods industry will complement our leadership team and strengthen our focus on creating long-term shareholder value. Once again, I want to congratulate Mark on his retirement and thank him for his many contributions during his long tenure as CFO with Spin Master.”

Roiter joins Spin Master having most recently served as CFO for Softchoice. A seasoned executive with extensive public company experience, Roiter brings a holistic business focus with a track record of delivering top line and operating margin growth while expanding free cash generation. Prior to Softchoice, he held senior finance roles, including CFO, corporate development, strategy, and operating roles in publicly traded organizations, including GoodFood, Gildan and Ace Bakery, as well as having served as a consultant at McKinsey & Company.

“As a Canadian-founded company, Spin Master has achieved tremendous success on the global stage in its 30-year history,” said Roiter. “I look forward to joining the management team to continue to build on the company’s legacy by driving growth, fortifying our financial foundation and enhancing shareholder value.”

About Spin Master

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences through its three creative centres: Toys, Entertainment and Digital Games. With distribution in over 100 countries, Spin Master is best known for award-winning brands PAW Patrol®, Hatchimals®, Bakugan®, Kinetic Sand®, Air Hogs®, Melissa & Doug®, Rubik’s® Cube and GUND®, and is the global toy licensee for other popular properties. Spin Master Entertainment creates and produces compelling multiplatform content, through its in-house studio and partnerships with outside creators, including the preschool franchise PAW Patrol, and numerous other original shows, short-form series and feature films. The Company has an established presence in digital games, anchored by the Toca Boca® and Sago Mini® brands, offering open-ended and creative game and educational play in digital environments. Through Spin Master Ventures, the Company makes minority investments globally in emerging companies and start-ups. With 29 offices spanning nearly 20 countries, Spin Master employs close to 3,000 team members globally. For more information, visit spinmaster.com or @SpinMaster on LinkedIn and Instagram.

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SOURCE Spin Master Corp.

More than 3 million students are expected to take nearly 6 million fully digital or hybrid digital AP Exams this spring

NEW YORK, April 24, 2025 /PRNewswire/ — This May, students will power up their computers instead of sharpening pencils, as Advanced Placement^® (AP^®) Exams go digital—offering a more secure, streamlined, and student friendly testing experience.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/college_board/9317051-en-college-board-digital-ap-exams-may-2025

As announced in July 2024, College Board is transitioning most AP Exams to a digital format for the 2025 AP Exam administration, which will take place in schools from May 5-16, 2025. Standard paper testing has been discontinued for 28 of the 36 AP subjects with end-of-course exams.

Exams for these 28 subjects are moving to the Bluebook™ digital testing application—the same platform successfully used by millions of students for the SAT^®—and will be either fully digital or hybrid digital with a course-specific paper component for subjects that require graphic or symbolic notation.

“We’ve found that almost all students who’ve taken a digital AP Exam or participated in an AP digital testing pilot have adapted quickly to the new format,” said Trevor Packer, head of the AP Program. “Students today are ‘digital natives’ and appreciate the user-friendly features of the Bluebook interface.”  

College Board has administered digital AP Exams for select subjects since 2022. In 2024, 650,000 AP Exams were delivered digitally, with more than 75% of students and administrators rating the digital testing experience better or the same as paper testing.

Bluebook supports testing on commonly used devices and students can use their own or a school-issued device. Test previews are now available for all subjects in Bluebook and students can access free online practice exams, quizzes, and other teacher-created resources in AP Classroom. Digital exams also make for an easier and more secure testing process for schools.

About College Board
College Board reaches more than 7 million students a year, helping them navigate the path from high school to college and career. Our not-for-profit membership organization was founded more than 120 years ago. We pioneered programs like the SAT^® and AP^® to expand opportunities for students and help them develop the skills they need. Our BigFuture^® program helps students plan for college, pay for college, and explore careers.

 

View original content:https://www.prnewswire.com/news-releases/college-board-transitions-most-ap-exams-to-digital-this-may-302436787.html

SOURCE College Board

BEIJING, April 24, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announced that that it will change the ratio of its American Depositary Shares (the “ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.01 per share, from the current ADS Ratio of one ADS to 200 Class A ordinary shares to a new ADS Ratio of one ADS to 800 Class A ordinary shares. The change in the ADS Ratio will become effective on April 28, 2025 (U.S. Eastern Time) (“Effective Date”).

For the Company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-four reverse ADS split. Each ADS holder of record at the close of business on the Effective Date will be required to surrender and exchange every 4 existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company’s ADS program, will arrange for the exchange of the current ADSs for the new ones.  The Company’s ADSs will continue to be traded on the Nasdaq Stock Market under the symbol “NaaS.”

No fractional new ADSs will be issued in connection with the change in the ADS Ratio.  Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank.  The change in the ADS Ratio will have no impact on the Company’s underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than 4 times the ADS trading price before the change.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

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SOURCE NaaS Technology Inc.

AL AIN, UAE, April 24, 2025 /PRNewswire/ — His Highness Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, has witnessed the inauguration of Silal’s Innovation Oasis (iO), a research and development facility specialising in agricultural technology. iO aims to support national efforts to advance sustainable farming practices and strengthen the UAE’s food security, in line with the objectives of the National Food Security Strategy 2051.

His Highness also witnessed the inauguration of the Advance AgriTech Academy, established to develop the UAE’s next generation of AgriTech leaders and offering specialised programmes in career guidance and practical training, in collaboration with global research institutions, to equip Emirati talent with the skills and capabilities required to drive innovation in food and agriculture.

In addition, His Highness witnessed the signing of a cooperation agreement between Silal and the United Arab Emirates University (UAEU) to further strengthen collaboration in advancing agricultural research and innovation, including offering five scholarships aimed at empowering students from the College of Agriculture at the UAEU in the field of agricultural sustainability and food security, in support of academic excellence and national talent.

His Highness Sheikh Hazza bin Zayed Al Nahyan affirmed that investing in agritech research is a national strategic priority aimed at advancing sustainable local production, harnessing advanced technologies, supporting innovation and building a knowledge-driven economy. His Highness further emphasised the importance of strengthening the food supply chains and addressing regional and global future food security challenges.

During the inauguration ceremony, His Highness was accompanied by Sheikh Mohammed bin Hamdan bin Zayed Al Nahyan; His Excellency Zaki Anwar Nusseibeh, Cultural Adviser to the UAE President and Chancellor of the United Arab Emirates University (UAEU); His Excellency Professor Ahmed Ali Al Raeesi, Acting Vice Chancellor of the UAEU; Salmeen Obaid Al Ameri, CEO of Silal; Dr Mohammed Abdulmuhsen Salem Al Yafei, Acting Dean of UAEU’s College of Agriculture and  Veterinary Medicine; Humaid Al Rumaithi, CEO of Food Security at Silal; and Dr Shamal Mohammed, CEO of Silal’s Innovation Oasis.

Salmeen Obaid Alameri, CEO of Silal, said: “Innovation Oasis (iO) is redefining the future of agri-food in the UAE. By harnessing advanced technologies and fostering strategic partnerships, we are strengthening the resilience and sustainability of our food system. With a strong focus on research, innovation, and knowledge transfer, we are not only driving progress but also positioning the UAE at the forefront of global agritech solutions. Additionally, the launch of the iO Advance AgriTech Academy further reinforces our commitment to developing local talent, ensuring that the UAE remains a global leader in agricultural innovation.”

Spanning over 300,000 square metres, iO is a dynamic ecosystem designed to foster collaboration among researchers, industry leaders, startups and academics. The facility is an incubator for agritech innovations, focusing on climate-resilient farming, optimised controlled environment agriculture, and resource-efficient food production.

Equipped with state-of-the-art laboratories, growth chambers, and phenotyping and experimental facilities, including greenhouses, net-houses, and open-field research plots, iO will provide an advanced platform for developing and testing various agritech solutions.

Key focus areas include climate-resilient farming techniques to address the extreme temperatures of the UAE, water-food-energy solutions integrating solar thermal desalination, IoT-enabled precision agriculture, and saltwater-resistant crops. Additionally, AI-driven food systems will also be explored at the facility, leveraging machine learning, robotics and data analytics to enhance farm management and post-harvest technologies, improving supply chain efficiency and minimising food waste.

Photo – https://mma.prnewswire.com/media/2672427/Silal_AgriTech_Academy.jpg
Photo – https://mma.prnewswire.com/media/2672428/Silal_inauguration.jpg
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SOURCE Silal

BEIJING, April 23, 2025 /PRNewswire/ — Earth Day is a reminder that our planet’s systems today are more affected by human behaviors than by natural processes. April 22 was the 56th Earth Day and this year’s theme, “Our Power, Our Planet,” stressed humanity’s responsibility toward and impact on the Earth.

The Earth’s ecosystems form an inseparable whole and only a future in which humans live in harmony with nature can be a truly prosperous one. Everyone has a responsibility to protect the Earth and each of us has a duty to contribute to its sustainable development.

On December 12, 2020, Chinese President Xi Jinping cited the ancient Chinese quote “the universe operates in silence, yet everything follows its course” while addressing the Climate Ambition Summit convened by the United Nations. In his speech, he stressed that the Earth is our one and only, shared home. People should build on past achievements, work together to make steady progress in implementing the Paris Agreement and launch a new journey for global climate actions.

The universe operates in silence, yet everything follows its course. It is a metaphor for the laws of nature—meaning that everything in the universe operates according to its own inherent principles, independent of human will. In this vast universe, the Earth tells the greatest story of birth and growth in a silent way. Protecting the Earth and its ecosystems is more than a responsibility—it is a return to harmony with the very source of life.

As a responsible major country, China has consistently demonstrated its commitment with concrete actions. Through sustained afforestation efforts, it has become the world’s largest contributor to artificial forest growth, with model projects like the world’s largest human-made forest in Saihanba, Hebei Province, emerging. In 2024, China planted 4.45 million hectares of trees, raising the country’s forest coverage to over 25 percent of its total land area, with total forest stock volume exceeding 20 billion cubic meters.

The nation has actively promoted wetland conservation and restoration, establishing more than 2,200 wetland nature reserves and greatly improving key wetland ecosystems. The Sanjiangyuan region, dubbed “the water tower of China,” where the Yangtze, Yellow and Lancang rivers originate, has become a nationally representative and globally influential nature reserve system model.

Desertification control has also seen remarkable success. China’s largest, and the world’s second-largest, drifting desert, the Taklimakan, has been effectively contained, with its borders sealed and no longer expanding. The desert, known as the “Sea of Death,” has been encircled with a sand-blocking green belt stretching 3,046 kilometers.

The Chinese Government has guided society at large to embrace an approach to ecological civilization that respects nature, follows its ways and protects it. The government promotes green and low-carbon lifestyles and advocates for a new vision of green, open, circular and eco-friendly development.

The country has also applied a system of ecological conservation red lines to identify its crucial ecological zones and enforce strict protection in these areas. Furthermore, China has adhered to a holistic and systematic approach to conserving and improving mountain, water, forest, farmland, grassland and desert ecosystems. By following the Earth’s ecological laws, it continues to help protect the planet and improve the environment.

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– Intellisense AFib Technology Able to Detect Possible Atrial Fibrillation with Every Measurement; May 17 Marks World Hypertension Day during May Measurement Month –

KYOTO, Japan, April 24, 2025 /PRNewswire/ — OMRON Healthcare Co., Ltd. (Head Office: Muko, Kyoto Prefecture; hereinafter referred to as “the Company”) is proud to continue its long-term commitment to the sponsorship of May Measurement Month (MMM), an awareness-raising campaign of blood pressure monitoring. As part of this commitment, the Company will donate approximately 4,000 blood pressure monitors to MMM. This year, the donated devices include blood pressure monitors that detect possible atrial fibrillation (AFib) using the new AI-based Intellisense AFib technology, as well as blood pressure monitors featuring integrated ECG technology.

Logo: https://kyodonewsprwire.jp/img/202504177579-O1-SWNJGnOc 

OMRON Healthcare has partnered with MMM since 2017 to promote and help to create awareness of the dangers of raised blood pressure and hypertension and to date has donated approximately 30,000 blood pressure monitors across 100 countries. Now, in its seventh year running, this initiative has been crucial in educating hypertensive patients to measure their blood pressure and to support early detection of AFib to help reduce stroke risk.

“Atrial fibrillation is a potentially life-threatening arrhythmia, and people with high blood pressure are at significantly greater risk of developing it. Regular monitoring of blood pressure is a crucial tool in identifying those risks and enables people to manage hypertension more effectively. With the donation of these monitors, we are able to support earlier detection, better treatment and, ultimately, save more lives,” said Professor Neil R Poulter, Chief Investigator and Chair of Trustees, of May Measurement Month.

According to the World Health Organization (WHO), high blood pressure is responsible for more than 10 million deaths worldwide each year. And alarmingly, approximately 1 in 4 people with AFib are initially asymptomatic.*1 If left untreated, hypertension increases the risk of developing life-threatening cerebrovascular and cardiovascular diseases such as stroke and heart failure. Early detection and proper treatment of hypertension can prevent serious complications. Home blood pressure monitoring is associated with better blood pressure control and therefore enhances prevention.

This year’s MMM will be held from May 1 to July 31. The event will offer hands-on blood pressure measurements and provide advice on diet and blood pressure management. Additionally, visitors, in some regions, will be able to assess their AFib risk through blood pressure measurements and ECG recordings. Studies have confirmed that the incidence of AFib is about three times higher in hypertensive patients than in those with normal blood pressure*2. By donating blood pressure monitors that can detect the possibility of AFib to MMM, the Company is providing an opportunity to raise awareness of its risks among hypertensive patients.

For more information about MMM, please visit: www.maymeasure.org. 

*1 Gibbs H, et al; Clinical Outcomes in Asymptomatic and Symptomatic Atrial Fibrillation Presentations in GARFIELD-AF: Implications for AF Screening. Am J Med. 2021 Jul;134(7):893-901.e11.

*2 Senoo K, Yukawa A, Ohkura T, et al. Screening for untreated atrial fibrillation in the elderly population: A community-based study. Pizzi C, ed. PLoS ONE.2022;17(6):e0269506.

About OMRON Healthcare

Committed to advance health and empower people worldwide to live life to the fullest, OMRON Healthcare is a global leader in the field of clinically proven, innovative medical equipment for home health monitoring and treatment. Aiming to realize its vision “Going for Zero, Preventive Care for the Health of Society,” the Company develops products and services for cardiovascular condition management, remote patient monitoring, respiratory care, and pain therapy devices. These help healthcare professionals and patients to reduce cerebro-cardiovascular events, aggravation of respiratory diseases and restrictions due to chronic pain.

With well over 350 million units sold globally*, OMRON provides the world’s most recommended blood pressure monitors by healthcare professionals**. Throughout its history, OMRON Healthcare has been striving to improve lives and contribute to a better society by developing innovations that help people prevent, treat, and manage their medical conditions, and provides products and services in over 130 countries***.

OMRON Healthcare Group is headquartered in Kyoto, Japan.

* Cumulative sales of home-use digital blood pressure monitors worldwide. (as of May 2023)

** 1 Frost & Sullivan Survey, Blood pressure clinician perception tracker surveys.

(November 25, 2019, and U.S. News Staff 2020, U.S. News & World Report, accessed June 9, 2020)

** 2 Kantar Health. Survey with cardiologists. (2019)

*** Number of the countries where OMRON products and/or services are available (as of March 2023)

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SOURCE OMRON Healthcare Co., Ltd.

Revenue and Profit Surge, Driven by “AI + Health Care” Value Empowerment

SHANGHAI and HONG KONG, April 24, 2025 /PRNewswire/ — Ping An Healthcare and Technology Company Limited (“Ping An Good Doctor“, “Ping An Health” or “the Company”, Stock Code: 1833.HK) announced its first-quarter results for the three months ended March 31, 2025.

In the first quarter of 2025, the Chinese economy continued its upward trajectory, accelerating the construction of a new development pattern with the expansion of domestic demand as a strategic cornerstone. Facing new opportunities, Ping An Health consolidated its foundation in health and senior care, continued to implement its strategy of synergies between health care and insurance. It is committed to representing payers, integrating suppliers, providing the best cost-effective health and senior care services, and building professional family doctors and senior care concierges to make customers “worry-free, time-saving, and money-saving.” During the period, Ping An Health’s overall operations were stable, demonstrating strong resilience and potential. The Company recorded revenue of RMB1.06 billion, a year-on-year increase of 25.8%; adjusted net profit hit RMB57.9 million, with revenue returning to double-digit growth and profitability accelerating. Among them, revenue of integrated finance business (“F-end”) and corporate health management business from corporate clients (“B-end”) increased by 43% year-on-year, and the number of B-end paying users increased by over 45%.

Synergies between Health Care and Insurance Unleash Potential, F/B-End Revenue Grows Rapidly

During the period, the Company continued to deeply synergize with the “integrated finance + health and senior care” strategy through models such as “insurance + health care” and “insurance + senior care,” achieving steady growth in performance.

F-end business continued to deepen the “collaboration between health care and claim settlement” and the “insurance + health and senior care membership” mode, helping Ping An Group’s core integrated finance business enhance product competitiveness and realize the continuous release of synergy potential. By the end of 2024, customers enjoying service benefits from the health and senior care ecosystem covered approximately 70% of the new business value of life insurance. Over 21 million Ping An Life Insurance customers used health management services, with the usage rate of health management services increasing by 2.1 percentage points year-on-year, of which the proportion of new contractual customers using health management services was nearly 79%.

B-end business accelerated the expansion of corporate health management business. The Company created a differentiated product service matrix through in-depth research on needs of employee health management and comprehensively renewed the “commercial insurance + health protection entrustment + medical and health services” product system, providing comprehensive, high-quality, and cost-effective corporate employee health management service systems for different customers. During the period, the Company’s cumulative number of enterprises served exceeded 2,100, and the number of B-end paying users increased by over 45%.

Consolidating the Construction of Two Service Hubs, Strengthening the Resilience of Health and Senior Care Services

In recent years, residents’ health awareness has significantly improved. In order to better meet residents’ health consumption needs and continuously improve the service capacity of health and senior care integration, Ping An Health continuously built two high-quality service hubs centered around family doctors and senior care concierges, based on the “worry-free, time-saving, and money-saving” value concept. Centering on medical, health, and senior care service scenarios, the Company also upgraded its “online, in-store, in-home, and in-company” service network.

During the period, the Company’s family doctor membership was over 20 million. At the same time, based on the dual certification of Peking University International Hospital and the World Organization of Family Doctors (WONCA), its family doctor service level continued to develop and improve. The Company constantly explored the standardization and authoritative certification path of “Internet + medical care, senior care, nursing, and health” and family doctor services with authoritative experts in the industry, promoting the high-quality development of family doctor signing services. Among them, the “Ping An Family Doctor” team obtained the graduation certificate of the first Continuing Professional Development (CPD) program for family doctors organized by WONCA. It marks that Ping An Family Doctor’s professional ability has been internationally recognized and symbolizes the successful integration of China’s family doctor training system with international standards.

In addition, based on the “3-in-1” senior care concierge, focusing on the senior care scenarios of “medical care, housing, nursing and entertainment”, Ping An Health continued to deepen the standardized service system for home-based senior care, and constantly polished the coverage of the high-quality service network. In 2024, the contribution of home-based senior care customers to the first-year premium of life insurance per piece increased by 3 times. In the first quarter, the company launched three new services in the “housing, nursing, and entertainment” alliances, including the launch of the new “safety emergency services” in 20 cities, the “caring managers” to bridge the last mile of caregiving, and the provision of spiritual care services through high-quality educational resources and travel and residence bases. By the end of the period, the number of home-based senior care service users entitled to benefits increased by 15% compared with the end of 2024.

Medical AI Value Empowerment Helps Improve the Quality and Efficiency of Health and Senior Care Services

During the period, the Company accelerated the construction of its AI capabilities, continuously carried out the deployment of the DeepSeek large language model and deepened the verification in real-world health and senior care scenarios. Through the doctor’s workbench Ping An Doctor’s Home^TM under the large multi-modal medical AI model Ping An Medical Master^®, the Company has built 12 series of business model groups to help improve the efficiency of family doctor services by approximately 62%. The self-developed AI-powered diagnosis system has covered the diagnostic knowledge of more than 2,000 diseases, with a triage accuracy of over 99% and an auxiliary diagnostic accuracy of over 95%. The newly created Al health manager helps the improvement rate of abnormal indicators in chronic diseases reach 90%. The Company has launched “Ping An Xin Yi,” a new AI-powered digital doctor service that leverages the Al model supported by digital human technology and extensive medical data. Acting as a digital avatar of real doctors, its provides users with diverse services, including online consultation, offline medical assistance, report and test result interpretation, and medication reminders, now covering more than 20 practical medical scenarios.

In addition, the Company is committed to its CARE sustainable development strategy guided by the principle of “Technology for Humanity, Healthcare with Warmth,” and fully carried out the “Yilu Jianxing” national health literacy improvement series of actions. By entering industrial parks and enterprises, and through health knowledge popularization, special screenings, and public welfare free clinics, it contributes to achieving health for all. During the period, with its outstanding achievements in sustainable development, Ping An Health was recognized as a “2025 Forbes China ESG Benchmark in Industry Development.”

Li Dou, Chairman and CEO of Ping An Health, said: “Looking ahead, under the guidance of Healthy China 2030, Ping An Health will continue to deepen technological empowerment, consolidate data security, practice social responsibility. We are also committed to advancing the high-quality development of the medical and health industry, simultaneously creating long-term value for users, shareholders, and society.”

View original content:https://www.prnewswire.com/news-releases/ping-an-health-reports-25-8-year-on-year-revenue-growth-in-q1-2025–with-profitability-accelerating-302437080.html

SOURCE Ping An Healthcare and Technology Company Limited

First full-course deployment, marking the largest single project in the golf and turf sector, confirming a scalable delivery model and accelerating momentum.

LOS ANGELES, Calif., April 24, 2025 /PRNewswire/ — Desert Control (DSRT) today announced the successful completion of its first full-course deployment, marking a milestone in the company’s expansion in the golf and turf sector. As the largest project delivered in this market to date, the deployment represents a significant step forward from pilot projects to full-scale commercial execution, demonstrating Desert Control’s capability to deliver at scale.

The project, completed at Woodland Hills Country Club in California, also marks the first implementation of Desert Control’s Pay-As-You-Save (PAYS) business model. This model enables clients to adopt Desert Control’s water conservation solution, which improves the soil’s ability to retain water and reduces irrigation needs, without any upfront cost, with clients instead paying monthly from a share of the savings achieved. For Desert Control, this initiates a stream of Monthly Recurring Revenue (MRR), providing predictable, scalable income as water savings are realized. 

The water conservation solution was applied to the soil across 43 acres of irrigated fairways, tees, and roughs, through the club’s existing irrigation system, demonstrating the seamless integration and scalability of Desert Control’s non-intrusive implementation approach. Water savings take immediate effect while maintaining optimal turf and playing conditions. This achievement sets a new benchmark for water-efficient and sustainable turf management. The deployment highlights how innovative solutions for water conservation, reducing irrigation needs by up to 50%, can be seamlessly integrated into existing turf management practices.

Further, this deployment underscores Desert Control’s ability to deliver scalable solutions efficiently across large, irrigated landscapes, including golf courses, parks, and sports fields. With the next full-course project targeted for implementation at Berkeley Country Club later in the second quarter this year, and additional PAYS agreements with new clients progressing, the company is well-positioned to continue building momentum and expand its presence in the golf and turf sector. 

The solution’s approval under the Metropolitan Water District of Southern California (MWD) and Los Angeles Department of Water and Power (LADWP) incentive programs — two of the largest water agencies in the United States — further strengthens its appeal to clients seeking environmental and financial benefits from water conservation.

“This project is a turning point,” said Marty Weems, Managing Director of Desert Control Americas Inc. “We’ve proven that we can deliver large-scale, high-impact solutions with precision and flexibility. The success of our first PAYS deployment with immediate start of recurring revenue sets a strong foundation for scaling water conservation solutions across the golf and turf sector.”

For more information, please contact:
James E. Thomas
Chief Executive Officer
Desert Control
Email: james.thomas@desertcontrol.com 
Mobile: +1 (203) 984-7658

This information was brought to you by Cision http://news.cision.com

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SOURCE Desert Control AS

TAIPEI, April 23, 2025 /PRNewswire/ — Delta, a global leader in power management and smart green solutions, today unveiled its solutions portfolio for transportation electrification at E-Mobility Taiwan 2025. The showcase features innovative powertrain and power management systems for EVs, automotive cooling solutions, the newly-launched Megawatt Charging System (MCS) with a maximum output of 1MW (expandable to up to 3MW) for heavy-duty electric trucks and buses, the new ultra-slim 50kW DC Wallbox EV charger for parking venues with limited space, as well as an all-in-one modular energy storage system. These solutions demonstrate Delta’s superior capabilities to advance low-carbon transportation across sustainable cities.

Shan-Shan Guo, Delta’s Chief Brand Officer, said, “E-mobility is a key engine for the global trend toward energy conservation and carbon reduction. To meet the demands of high-power EVs, Delta has developed new traction motors for electric commercial vehicles, as well as a megawatt-level charging solution—especially for long-haul EVs in European and American markets. This year, our showcase features a comprehensive charging station that reflects various urban usage scenarios, offering corresponding charging and energy management solutions while also underscoring Delta’s unique strengths in EV powertrains, automotive power and cooling electronics, and energy infrastructure, all essential to help mankind realize a smarter e-mobility future worldwide.”

Delta’s leadership in e-mobility derives from its unique track record of more than 3 million EV chargers shipped to customers globally over the past 15 years. Recently, Delta has developed a solution combining EV charging with parking meters, which has been implemented in public charging stations in the cities of Tainan and Taoyuan. This solution can be integrated with the iCMS (Intelligent Community Management System) platform to enhance low-carbon urban transportation management. Delta’s booth at E-Mobility Taiwan also presents energy infrastructure for smart microgrids, such as the all-in-one energy storage system, which features a modular design, liquid-cooling architecture, and seamless integration with solar power and EV charging systems to enable high deployment flexibility and significantly lower maintenance and operational costs for commercial buildings and fleet operators.

The new hairpin-type drive motor for high-power commercial EVs is equipped with an 800V high-voltage architecture while offering efficiency over 97.5% and maximum power output of 330kW. The motor offers advanced oil and water cooling technologies to ensure stable performance under heavy-load operation. In addition, Delta is exhibiting a full range of automotive air cooling and liquid cooling solutions, such as new vapor chambers for enhanced air-cooled design, and dual-layer liquid cooling cold plate solutions for autonomous driving systems. The new DC Brushless Radiator Fans are the ideal solution for power systems of both electric and fuel-powered vehicles.

In the rapidly growing electric 2-wheeler sector, Delta is also expanding its solutions offering with new charging, battery swapping, and powertrain systems. The highlighted 2kW portable charger is designed with an operating temperature up to 50°C to provide riders with highly efficient, reliable, and convenient charging anytime, anywhere. Delta also provides a total solution—motor, battery, and controller/HMI—to meet the needs of bike manufacturers, among which the 2025 iF Design Award-winning e-bike Mid-Drive Motor is displayed at the show. Lastly, the integrated side-mounted powertrain for e-scooters and e-motorcycles offer a modular design that allows for quick customization of powertrains for both light and heavy-duty EV, enhancing market competitiveness.

E-Mobility Taiwan will be held from April 23 to 26 at the Nangang Exhibition Center. Delta’s booth is located at Hall 1, 4F, stand No. M0112.  We welcome media stakeholders, customers, partners and the general public to build the future of e-mobility together with Delta.

EV Charging Infrastructure and Management Platform

• Megawatt Charging System (MCS): MCS is an ultra-high-power fast charging solution designed for heavy-duty electric vehicles. This system supports a maximum 1,500A current output and 1,250V voltage output, delivering up to 1MW of charging power. It ensures that heavy-duty electric vehicles can be charged in short time possible, providing the necessary power for long-distance travel within 30 minutes. The MCS system is compatible with DC-Coupled and AC-Coupled architecture, providing flexible compatibility with different power infrastructures.
• DC Wallbox 50kW EV charger: A compact and slim EV charger delivers 50kW DC power output with a depth of just 25cm. Dual charging guns allow simultaneous charging and available in both wall-mounted and pedestal options, also compatible with OCPP. It implemented across department store, restaurants, museums, and other venues throughout Taiwan.
• All-in-One Energy Storage for Commercial and Industrial Applications: Each cabinet delivers 125kW / 261kWh of capacity, with a footprint of less than 1.5 square meters and supports up to 10 cabinets in parallel, meeting a wide range of energy storage demands with high energy density.
• Parking Meter: Combining charging, parking and payment service, it increases space utilization and drives the green transformation of cities and science parks.
• Intelligent Community Management System (iCMS): It combines Delta’s energy management, security surveillance, smart streetlights, renewable energy, energy storage and dispatch, carbon emission management, and building automation control, which designed specifically for government agencies and business operations in park. It also visualizes various management information for the community, while providing integrated analysis and scheduling. The platform offers diverse verification data to meet ISO 50001:2018 audit requirements, helping clients improve operational efficiency and achieve energy savings and carbon reduction.

Powertrain System and Thermal Solutions for 4 Domains of Vehicle Systems

• Hairpin-Type Traction Motor: Designed specifically for commercial EV, equipped with an 800V architecture, delivering more than 97.5% efficiency, a maximum power output of 330kW, and peak torque exceeding 1000Nm. Its advanced cooling system combines oil and water cooling, ensuring optimal performance even under heavy loads.
• Thermal Management Solution for Assist / Autonomous Driving: The latest two-phase vapor chamber working with brushless DC fans can help chip heat dissipation rapidly. And, single/dual layers liquid cooling cold plate solutions come with multi-pedestal exterior design and micro fin structure inside, can offer precisely high-efficiency heat dissipation.
• Thermal Management Solution for Electronic Control / Battery System: For the radiators (heat exchangers) on powertrain system, the latest bionic blade design with advanced motor drive control technology and IP6K9K protection, offers efficient, low NVH (Noise, Vibration, Harshness), reliable radiator fans for both ICE & EVs. Moreover, complete air and liquid cooling product lineups are ready for electronic controls & battery systems, including BDU (Battery Disconnect Unit) cold plate solutions, E-pumps, BMS (Battery Management System) blowers, DC/DC converter fans, OBC (On Board Charger) fans.
• Thermal Management Solution for Intelligent Cockpit: To meet the high-temperature cooling requirements generated by highly intelligent cockpit equipment, provides high-efficiency, low-noised fans and cooling modules.
• Thermal Management Solution for Cabin Comfort / Auto HVAC: Showcase the latest HVAC condenser fan for commercial vehicle. Also offers variety of high-efficiency automotive air conditioning system fans, seat ventilation cooling fans, wireless charging module cooling fans, and small, low-noise PM 2.5 air quality detection fans.

Solutions for Two-Wheel EVs

• 2kW Portable Charger: Delta offers a new 2 kW portable charger for e-scooters with built-in batteries. With an operating temperature up to 50°C and IP67 high dust- and water-proof rating, the charger can handle hot summer weather and withstand sudden rainfall during charging. It also complies with IEC60335 and the UL1564 and features OTP (over-temperature protection), OCP (over-current protection), OVP (over-voltage protection) to ensure safe operation. With 94% efficiency, the charger reduces unnecessary power consumption to save energy and cost.
• 3kW Battery Charging Module: Installed inside battery-swapping station cabinets, the 3kW charging modules efficiently charge batteries with up to 94% conversion efficiency, reducing unnecessary power waste. They feature a compact design for installation in a variety of cabinets as well as -10°C – +70°C wide operating temperature, suitable for charging in outdoor environments.
• Delta’s E-Scooter/E-Motorcycle Integrated Side-Mounted Powertrain: This integrated design combines the motor, drive unit, and gearbox, increasing available storage space by 10%. In addition, it delivers powerful performance and boasts IP67-level waterproof and dustproof capabilities, ensuring reliability even in harsh conditions.
• Delta’s E-Bike Mid-Drive Motor: The Motor primarily designed for e-Mountain, e-Trekking, and e-Cargo bikes, offers improved flexibility and power, and is backed by Delta’s patented transmission system to ensure high power output. It integrates the drive, motor, gears, and sensors into a sleek, streamlined design and is compatible with diverse bike frames.

About Delta

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 7 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

View original content:https://www.prnewswire.com/news-releases/delta-presents-total-solutions-for-smart-mobility-with-megawatt-scale-ev-charging–energy-storage-systems-at-e-mobility-taiwan-2025-302436595.html

SOURCE Delta Electronics